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Crest to offer first figures on short-selling
By Caroline Merrell



CREST, the UK settlement company, yesterday launched a service to provide figures on short-selling the practice of selling shares not directly held by the investor among the shares of the UKs biggest companies.
The service was established after a regulatory investigation into short-selling by the Financial Services Authority (FSA), the chief City regulator.

Despite pressure to curb short-selling, the FSA decided that greater transparency would suffice. The service will provide details of stock lending of shares in the UKs biggest companies, but will not name the institutions carrying out the lending.

A spokesman for Crest yesterday said that the figures would indicate the levels of short-selling of shares in a particular company, but that the stock-lending figures would also include share trades that could not be defined as short-selling.

The call for a clampdown on short-selling came last year as the UK stock market reached new lows.

Companies were concerned that their shares were being punished unduly by investors who were short-selling in an attempt to profit from the short-term movement of prices.

The new service will cover the companies in the FTSE 350 as well as Irish companies with equivalent market capitalisation. Data will be provided on a daily and monthly basis, five days in arrears.

The service promises to clarify unexplained volatility in shares in the UKs leading companies.

Information is to be provided free for the first three weeks of October.

I like that 2 day 1 minute chart Crocodile.
Can't seem to get it on the MAM charts though.

snoball
Capture it from GNI then put into Corel Draw to add Text and lines. Then upload it to www.ftsedow.com, then post the thread!
phewwwwww
D.